MILAN — Italian Premier Enrico Letta says he will follow China's decision to launch a trade investigation into European wine "with maximum attention" given the importance of the sector for the country's economy.
Italy's Letta following with attention China' European wine dumping probe
June 6, 2013 at 8:50PM
China opened an anti-dumping probe into European wine this week after the European Union hit Chinese exporters of solar panels with anti-dumping duties.
Italy last year exported 31 million liters (8.19 million gallons) of wine to China with a value of 89 million euros ($117 million). The Federvini winemakers federation estimates Italy's wine sector generates 13.2 billion euros a year, just under 1 percent of GDP.
Italy's Coldiretti farm lobby says China has become the fifth world market for wine, consuming 1.8 billion liters a year.
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The 23rd installment of the beer fest will take place Oct. 12 at Boom Island Park in Minneapolis.
